The Aboitiz Group is tightening its grip on the Philippine real estate landscape as it moves to merge Aboitiz Land and Aboitiz Economic Estates (AEE) into a single property arm.
Megaworld Corp. will begin transferring about 70,000 sqm of mall space to its REIT unit, Mreit Inc., next year, with the infusion to be done in two batches that may include a property-for-share swap.
Cebu Landmasters, Inc. (CLI) has secured P4 billion from an oversubscribed sustainability-linked bond (SLB) sale, its second strong market showing this year. The bond sale highlights solid investor confidence in the Visayas-Mindanao developer’s growth and sustainability agenda.
With property values increasing and many family-owned businesses expanding, more Filipino families are facing problems when transferring wealth to the next generation. Without proper estate planning, assets can end up frozen, tied up in legal disputes, or even sold off just to settle taxes.
Radisson Hotel Group is accelerating its Philippine expansion with the signing of three new properties in partnership with SM Hotels and Conventions Corp. (SMHCC), strengthening their long-running collaboration and deepening both groups’ presence in key growth corridors.